AMBO Agritec IPO GMP, Allotment, Price, Listing and Company Info.

 AMBO Agritec Ltd   is coming up with its IPO. This IPO will be an SME IPO and will be listed on BSE SME Exchange. The IPO of AMBO Agritec will open on 21 November and close on 24 November. Umesh Kumar Agarwal is the Promoter of the company. The promoter holding in the company is 94.96% before the IPO, which will come down to 60.60% after the IPO. The share price in this IPO will be ₹30 per share and the lot size will be 4000 shares. The allotment of shares can happen on November 29 and refund on November 30. Shares can come in demat till 1st December and listing can happen till 2nd December. Let us know about the company in detail.

AMBO Agritec Business Details

AMBO is one of the leading manufacturers of biscuits in Eastern India. It is selling its biscuits under the brand name “Happy Bite” and “Sunny Biscuit”. AMBO Agritec  started with manufacturing of biscuits. Initially it was known as Sunny Biscuits Private Limited later it was renamed as Ambo Agritech. This company started its business with the brand “Sunny Biscuits”. Initially its focus was on selling biscuits in the rural markets of the eastern part of India. After that he expanded his business to cities and launched a premium brand of biscuits under the brand name “Happy Bite”. Happy Bite Biscuit is now a very popular brand in the eastern part of the country. These are mainly distributed through distributors and stockists spread across various districts of West Bengal.

AMBO Agritec expanded the company by launching new products and taking its business to Indian and foreign markets. Today its portfolio includes many products. The main products are premium biscuits, potato chips, snacks, edible oil and tea. Under these products, the company comes under several brands, such as Happy Bite Biscuits and Chips, AMBO Gold Vanaspati , Happy Heart Edible Oil and Max Health Specialty Food Products.

The main business of the company is more in the eastern part of the country. The company aspires to have premium food products presence in all parts of West Bengal and neighboring states. The company wants to focus on affordable food products that can meet the needs of any family. During the last 30 years, Ambo Agritechexpanded its product range to specialty rice, premium pulses and pulse-products such as a variety of boris (a household name in Bengal) and other specialty products such as spices, kasundi, pickles, chutneys, etc. Whose sales were started under the brand name of Max Health. Max Health is a premium brand for quality staple food and pulses segment exclusively for Bengal. It is marketed and sold through select outlets and has also made its presence felt in renowned ecommerce platforms such as Big Basket, Flipkart, Reliance Retail, JioMart etc.

AMBO Agritec Gray Market Premium GMP is 5 ₹

Financial details of the company (figures are in lakhs)

FY20FY21FY22
revenue742847179485
Profit After Tax3219119
total borrowings242.50381406
AMBO Agritec IPO GMP, Allotment, Price, Listing and Company Info. AMBO Agritec IPO GMP, Allotment, Price, Listing and Company Info. Reviewed by Admin on November 25, 2022 Rating: 5

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